The Portland City Council will take up a proposal Wednesday that would allow short-term rentals of rooms in private homes, like those facilitated by companies like Airbnb.

The come as part of a slate of zoning code changes, but it's attracted much more interest than the other proposed tweaks. Operators of short-term rentals want to see the cottage industry legalized, but neighbors say it invites commerce and traffic into residential neighborhoods.

The council won't vote at the 2 p.m. meeting, but they'll hear from supporters and opponents of the proposed changes, as well as the city staff who wrote them.

Under the proposed rules, residents of single-family houses or similar residences could get a permit to rent out rooms in their home for less than 30 days with a $180 permit. (Under the current zoning code, such a permit would cost $4,130, and the permit can be denied at city administrators' discretion.)

To get the permit, a resident of the home — not necessarily the owner — would have to have their home inspected, install interconnected smoke detectors and notify neighbors of their plans to rent out rooms. The permit would have to be renewed every two years.

They would also be required to collect and remit city lodging taxes — not technically a change, but many operating in the gray market of short-term rentals had neglected to pay. Airbnb has separately agreed to collect a 12.5 percent lodging tax on its users' behalf.

To address concerns that short-term rentals may displace long-term renters. Commissioner Dan Saltzman, who oversees the city's housing bureau, says he will propose committing 30 percent of the lodging taxes collected from short-term rentals to the city's affordable rental housing fund. The city budget office's analysis found this would amount to $150,000 and $200,000.

According to the housing bureau's standards for evaluating housing investments, that's about the equivalent of the average cost of a studio or one-bedroom apartment in an affordable housing project the fund would support.

The city council hearing will be at 2 p.m. on June 4 at Portland City Hall, 1221 S.W. Fourth Ave.

I'll be posting updates from the meeting. Leave your questions and comments about the proposal and I'll do my best to address them.